Hexagon launched HxGN APM, a solution for asset-intensive organizations seeking to identify and mitigate asset risk, optimize maintenance spend and minimize downtime.

This application optimizes asset strategies, detects emerging failure risks in real time and drives proactive risk mitigation to enhance return on capital employed.

Asset performance management (APM) software ensures optimal asset strategies end up implemented and dynamically managed based upon the actual condition and operating context of plant assets. The growing trend of digital transformation is driving increased adoption of APM solutions. Overall, APM solutions continue to play a crucial role in managing assets effectively and efficiently, optimizing total cost of ownership.

In April, Hexagon expanded its portfolio by acquiring Itus Digital, an APM solution provider based in Roanoke, Virginia. Now operating as part of Hexagon’s Asset Lifecycle Intelligence division, the acquisition brings to Hexagon more than 250 years of APM industry experience enabled through HxGN APM technologies.

HxGN APM offers an advanced analytical and optimization engine that strikes a balance between performance, cost and risk.

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Hexagon’s solution can identify potential threats, mitigating risks and extending asset lifecycles. Key benefits include:

  • Optimizes asset value by aiding customers in balancing performance, cost and risk through the operationalization of asset strategies
  • Enables proactive work processes to continually analyze asset failure risk and drives maintenance, inspections and monitoring activities based on actual condition and health
  • Ensures rapid failure detection and prevention by using the embedded Asset Twin Library, offering pre- set asset strategies and analytics for predicting potential failures before they happen

“The addition of HxGN APM to Hexagon’s portfolio provides enhanced analytical insights across the asset lifecycle, enabling organizations to maximize the delivery capability of their industrial assets at an optimal cost and risk profile,” said Joe Nichols, vice president, Portfolio Strategy for APM, Hexagon’s Asset Lifecycle Intelligence division.

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